Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Committee of Inquiry into the Banking Crisis
Context Phase
4:35 am
Mr. Rob Wright:
Ireland will pass the test if it does not overheat its economy in ways that cause devastating outcomes. The crisis a few years ago was a combination of things which I do not think will repeat itself here. The real test will be when the economy is getting stronger and there is pressure on key sectors, whether fiscal policy is used to restrain those expectations and, when a surplus appears, whether there is agreement that it should be most appropriately dedicated to paying down this extraordinary debt that has been raised rather than adding to the fuel. That would be the test.
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